In focus: The topics of VDMA Austria
Foreign exchange market was deregulated in March 2024. But expectations that exports would pick up afterwards were not fulfilled. VDMA members in Egypt nevertheless report good business.
Saudi Arabia in transition offers both challenges and opportunities. Local presence remains crucial, and not just because of increasing Chinese competition.
In our quarterly report, we provide you with information on India's macroeconomic development, as well as detailed information on the manufacturing industry and individual sectors with a particular focus on machinery and equipment.
EU machinery and equipment manufacturing companies currently rate their competitive position as worse than the long-term average. This is particularly true to companies based in Germany.
Singapore’s Budget 2025 presents significant opportunities for businesses to reduce costs, invest in workforce development, and adopt digital innovations.
Malaysia and Singapore launched the Johor-Singapore Special Economic Zone (JS-SEZ) in January 2025. The new economic initiative aims to drive significant business growth with as many as 50 projects and create 20,000 skilled jobs.
In February, the ASEAN manufacturing purchasing managers' index (PMI) rose to 51.5, the highest in seven months, from 50.4 in January. This marks the highest reading since July 2023.
New orders for machinery in Japan fell by 3.5% in January compared to the previous month, while the order backlog reached a record high due to a shortage of labor and transportation capacity.
Despite a slight decline in machinery exports to Kazakhstan in 2024, the German mechanical engineering industry remains confident
In 2024, machinery exports from Europe to the Southeast Asian region will still not be able to match the levels of the years before coronavirus and will even record further losses.
In 2024, price-adjusted production output in the EU mechanical and plant engineering sector contracted by 7 percent compared to the previous year.
Last year, agricultural machinery and tractor manufacturers in Germany recorded a noticeable double-digit decline in sales.
With a liaison office for the ASEAN region, the VDMA aims to support European mechanical engineering in the region. Tiffany Ang has been representing the VDMA in the ASEAN region based in Singapore since January 6, 2025.
The following summarizes the discussions with VDMA members' branches in Turkey and with Turkish mechanical engineering companies as well as the second meeting of VDMA members in Istanbul.
The USA has long been an important export market for German suppliers of process engineering machinery and equipment. However, since August 2022, the market has maintained its position as the most important trading partner, ahead of China.
Robotics and automation in Germany will be driven in particular by foreign business in a subdued domestic economy: - Incoming orders from Germany declining - Increased competition from China
The Oil Hydraulics Market Investigation Working Group meets twice a year. The participants find out about the economic situation in mechanical engineering and fluid power in particular and discuss current trends in mechanical engineering.
The Liaison Office India monitors the markets in India exclusively for VDMA member companies - for the fluid power industry with a special focus on its customer sectors.
Germany Trade and Invest (GTAI) provides a monthly overview of publications relevant to mechanical engineering on Africa exclusively for VDMA members.
In its EV Outlook 2023, the IEA presents current trends in the global EV market. This has continued to grow strongly over the past year and is driving further innovation.
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